Business & Finance
CTruk, BMT Nigel Gee Introduce New 26m Semi-SWATH Vessel
CTruk, in collaboration with BMT Nigel Gee, has added a 26m Semi-SWATH vessel to its offering, for which it believes to be an ideal solution to meet the increasingly complex demands of the burgeoning European offshore wind industry. Essex-based CTruk is the second largest producer of crew transfer v
SGS to Certify Veja Mate Offshore Wind Farm
The certification company SGS has been commissioned for the certification of the Veja Mate offshore wind farm project in the German North Sea. The certification work ranges from the examination of the project’s fundamentals to its final design — in accordance with the standards of the German Maritim
Mitsui Invests in Spanish Turbine Tower & Flange Manufacturer
Mitsui & Co., Ltd. has entered into an agreement to invest in Gonvarri Eólica, S.L., which controls the GRI Renewable Industries Group of Spain, a manufacturer of wind turbine towers and flanges for wind power generation. Agreement documents were signed on March 5, 2015. Subject to regulatory approv
New Foundation Installation System Developed
Conquest Offshore, together with deugro Denmark A/S, has developed a highly efficient installation system for monopiles and transition pieces, supported by the engineering knowledge and experience of Temporary Works Design (TWD) and Barge Master. Parties have combined their experience and in depth k
Construction Team Set Up for Rudong OW Project
Longyuan Zhenhua Offshore Engineering, a joint venture between Shanghai Zhenhua Heavy Industry (ZPMC) and Jiangsu Longyuan Power Group, has won a contract to install 38 Siemens 4MW wind turbines off Rudong, Jiangsu for (China General Nuclear Power Group) CGN. The contract is worth CNY 160 million (U
Northland Power Obtains Means to Invest in Nordsee One
Northland Power Inc. has closed its offering of USD 231,000,000 in public shares. The company has also announced the concurrent closing, on a private placement basis, of the previously announced issuance of 3,125,000 Common Shares representing USD 50,000,000 of gross proceeds to a subsidiary of Nort
Mott MacDonald Backs Block Island OWF
Following the recent announcement about Block Island wind farm reaching financial close, Mott MacDonald issued a press release, revealing that the company was lenders’ technical advisor during the project’s due diligence phase and is now monitoring construction as independent engineer in an ongoing
IHC Merges Business Units
Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, which will operate under the name IHC IQIP. Through this merger, IHC will be able to offer a fully integrated solution for on- and of
Hollandia Offshore to Build Horns Rev 3 Jacket
Energinet.dk, the Danish power transmission company has appointed Hollandia Offshore with the procurement, fabrication, load out and transport of the Horns Rev C Jacket. The Jacket is to be installed in the Horns Rev 3 Offshore wind farm near the Danish Coast. The scheduled delivery date is April 20
Carnegie’s MD Asks for Clear Renewable Energy Target
Michael Ottaviano, Managing Director of Carnegie Wave Energy, has urged Australian politicians to set up a clear policy when it comes to renewable energy target (RET). Australia has a target set at 20% of renewables in its energy mix by 2020. However, it looks like now that 20% would amount to much
New Subsea Cable Partnership Announced
UK based offshore handling systems company, Caley Ocean Systems, and umbilical and cable maker Umbilicals International, based in the US, have joined forces to offer operators and offshore contractors integrated solutions for the deployment of subsea packages and well intervention systems. Caley Oce
RWE Offers New CEO Deal to Terium
RWE Supervisory Board has decided to make a new five-year CEO deal with Peter Terium starting 1 March 2016. His previous deal expires on 29 February 2016. This approach allows the Supervisory Board to ensure continuity at an early stage at the top of the company. The Chairman of the Supervisory Boar
Offshore Wind Projects Boost Cables & Connectors Market
The growth of the cables and connectors market in Europe can be attributed to the increasing number of projects in the offshore wind connections and submarine interconnections market and moderate pricing pressure among the suppliers. According to a new market research report “Cables & Connectors Mar
Vestas Issues EUR 500m Eurobond
Danish wind turbine manufacturer, Vestas, has placed a new green corporate Eurobonds for a principal amount of EUR 500m. The bonds with seven-year maturity were received well by the European investors. “This green bond allows Vestas to diversify and optimise its funding structure in favour of longer